Best Bitcoin Rewards Programs in 2020

If you’re looking for a Bitcoin rewards program that enables you to earn Bitcoin (BTC) on in-store and online purchases, this informative overview covers everything that you need to know.

In this comprehensive review, we'll examine the pros and cons, rewards rates, regional availability, and supported partner merchants for each of the most popular Bitcoin rewards programs. You’ll learn about the different types of rewards programs, steps required to earn rewards, factors to consider when selecting a Bitcoin rewards program, and much more.

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Bitrefill Logo

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Bitrefill

★★★★★ 4.3
  • Availability

    US, UK & Limited CA, AU, & MX

  • Type

    Gift Cards

  • Payout Currency

    BTC

  • Min. Payout

    $25

Bitrefill is a mobile app and web service that enables shoppers to earn Bitcoin (BTC) rewards through gift card purchases at partner merchant websites and physical stores.

Pros

  • Customizable Dollar Amounts - Bitrefill allows users to customize the amount of each gift card purchase up to the dollar value.
  • Device Accessibility - Bitrefill is accessible via all web browsers and has user-friendly mobile applications available for iOS and Android.
  • Instant Reward Distribution - Rewards are distributed to users immediately after each gift purchase is completed.

Cons

  • Withdrawals Not Supported - Bitcoin (BTC) rewards can only be applied to future gift card or mobile refill purchases. Users are unable to withdraw their rewards to an external Bitcoin wallet.
  • Referral Incentives - Bitrefill requires both the referrer and referral to spend the equivalent of $100 in order to earn referral rewards. This minimum requirement is the highest among Bitcoin rewards programs.
  • Crypto Deposit Required - Users are unable to purchase gift cards with USD by linking an existing debit/credit card. Bitrefill requires users to make gift card purchases by depositing a supported crypto asset.

Reward Lock-In

Immediate Distribution

Shopping Option

Online, In-Store

Bitcoin Withdrawal Fee

Not Supported

Supported Devices

iOS, Android

Merchants Supported

300+

Fiat Withdrawal Fee

Not Supported

Mobile App

Yes

US Customers

Yes

Fold Logo

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Fold

★★★★★ 4
  • Availability

    US & Limited MX, CA, AU, & UK

  • Type

    Gift Cards

  • Payout Currency

    BTC

  • Min. Payout

    No Minimum

Fold App is a mobile app and web service that enables shoppers to earn Bitcoin (BTC) rewards through gift card purchases at partner merchant websites and physical stores.

Pros

  • Anonymous Purchases - Through Fold App, users may purchase gift cards and earn Bitcoin (BTC) rewards without having to register their email account or complete the identity verification process.
  • Flexible Payment Options - Users may purchase gift cards with USD by linking an existing debit/credit card or by depositing funds from an external Bitcoin wallet.
  • Instant Reward Distribution - Rewards are distributed to users immediately after each gift purchase is completed.

Cons

  • Slow Withdrawal Process - Fold App only processes withdrawal requests for Bitcoin (BTC) rewards weekly on each Tuesday. In some cases, users may have to wait up to 7 days to receive funds in their external Bitcoin wallets.
  • Fixed Dollar Amounts - Fold App doesn’t allow users to input custom amounts for gift card purchases. For example, only four amount options are available for Amazon gift cards: $25, $50, $100, and $200.
  • Referral Incentives - Referrers do not earn Bitcoin (BTC) rewards for referring new Fold App users.

Reward Lock-In

Immediate Distribution

Shopping Option

Online, In-Store

Bitcoin Withdrawal Fee

No Fee

Supported Devices

iOS, Android

Merchants Supported

30+

Fiat Withdrawal Fee

Not Supported

Mobile App

Yes

US Customers

Yes

Lolli Logo

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Lolli

★★★★★ 4
  • Availability

    US, Limited CA

  • Type

    Online Rebates

  • Payout Currency

    BTC, USD

  • Min. Payout

    $15

Online shoppers that wish to acquire Bitcoin without having to buy it. Online shoppers are rewarded through the merchants loyalty program.

Pros

  • Payment Method Flexibility - Users can complete qualifying purchases with any payment method that is supported by the partner merchant’s website.
  • Rewards Rates - Lolli offers higher rewards rates than competing Bitcoin rewards programs. A few partner merchants offer rebates in excess of 30% of the total purchase value.
  • Special Promotions - Lolli regularly runs special promotions on Twitter. Users who participate can earn additional Bitcoin (BTC) rewards.
  • Mainstream Merchants - Expedia, Microsoft, Best Buy, Nike, and Sephora are just a few name-brand merchants that support Bitcoin (BTC) rewards for Lolli users.

Cons

  • High Withdrawal Minimum - Users are required to accumulate the equivalent of at least $15 in rewards before being able to submit a withdrawal request.
  • In-Store Support - Lolli doesn’t allow users to earn Bitcoin (BTC) rewards for purchases at physical stores.
  • Device Accessibility - Users are required to make purchases while using Lolli’s browser extension on Google Chrome. Purchases made on other web browsers or mobile devices aren’t eligible to earn rewards.
  • Identity Verification Policy - A few users who have submitted Bitcoin (BTC) or USD withdrawal requests have reported that Lolli requires them to provide banking details as a form of identity verification.

Reward Lock-In

30-90 days

Shopping Option

Online

Bitcoin Withdrawal Fee

No Fee

Supported Devices

Browser Extension

Merchants Supported

750+

Fiat Withdrawal Fee

$0.25

Mobile App

No

US Customers

Yes

Pei Logo

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Pei

★★★★★ 4
  • Availability

    US

  • Type

    Card Rebates

  • Payout Currency

    BTC, USD

  • Min. Payout

    $25

Pei is a mobile app that enables shoppers to earn rewards paid in Bitcoin (BTC) or USD at partner merchant websites and/or physical stores.

Pros

  • In-App Bonuses - The Pei mobile app's ‘Cashback Boost’ and ‘Party Cash’ features give users a chance to earn additional rewards on purchases.
  • Merchant Referral Program - Users can earn up to $500 for each merchant that agrees to offer Bitcoin (BTC) rewards through Pei.
  • Fast Withdrawals - Pei typically processes both USD and Bitcoin (BTC) withdrawals within two hours of each withdrawal request.

Cons

  • Rewards Rates - Pei offers lower rewards rates as compared to competing Bitcoin rewards programs. Several partner merchants limit their rebates to 1% of the total purchase value.
  • Reward Limits - Pei’s partner merchants place daily or weekly limits on the amount of rewards each user can earn for qualifying purchases.
  • High Withdrawal Minimum - Users are required to accumulate the equivalent of at least $25 in rewards before being able to submit a withdrawal request. This is the highest minimum among Bitcoin rewards programs.

Reward Lock-In

Immediate Distribution

Shopping Option

Online, In-Store

Bitcoin Withdrawal Fee

No Fee

Supported Devices

iOS, Android

Merchants Supported

1,000+

Fiat Withdrawal Fee

No Fee

Mobile App

Yes

US Customers

Yes

Clear All

Overall Rating

Features Overview

Reward Currnecy
Reward Application Type
Top Merchants
US Customers
Reward Lock-In
Minimum Payout
Supported Browsers & Devices
Mobile App
Merchants Supported
Shopping Options
Available Regions
Referral System
Promotions

Merchant Rewards

Fees & Details

Rewards Withdrawal
Minimum Withdrawal
Bitcoin Withdrawal Fee
USD Withdrawal Fee

Company Facts

Legal Name
Incorporated Country
Headquarters
Year Founded
CEO
Total Employees
Regulators
Links

Beginner's Guide to Bitcoin Rewards Programs

What is a Bitcoin Rewards Program?

A Bitcoin rewards program is a service—usually available via a web browser and/or mobile app—that allows users to earn Bitcoin (BTC) on in-store or online purchases. Bitcoin rewards programs currently exist in the following categories: online rebates, gift cards, card rebates, and card rewards.

Different Types of Bitcoin Rewards Programs

Online Rebates- Online rebates programs allow users to earn rewards for completing qualifying purchases on partner merchant websites. Each partner merchant has a reward locking period that lasts the duration of their return policy, which is typically anywhere from 30 to 90 days after the initial purchase date. At the end of the reward locking period, the user will receive rebates in Bitcoin (BTC) that are equivalent to a portion of the total purchase value.

Best for Online Rebates: Lolli

Gift Cards - After purchasing a gift card, the user immediately receives Bitcoin (BTC) in their rewards account. Gift cards may be used at a partner merchant’s website or a physical store. Some programs only allow the user to apply their rewards to future gift card purchases. Others allow the user to submit a withdrawal request, which enables them to send their rewards to an external Bitcoin wallet.

Best for Gift Cards: Fold App & Bitrefill

Card Rebates - The user earns rewards by linking an existing debit/credit card to their rewards account and completing qualifying purchases at a partner merchant’s website or physical store. Bitcoin (BTC) rebates are distributed to the user’s rewards account after the purchase is processed, which generally takes less than one week. Some programs—like Pei—use a points system to track qualifying purchases. These points are credited to user accounts and can then be redeemed for Bitcoin (BTC) rebates.

Best for Card Rebates: Pei

Card Rewards - Users may claim a debit card through the program that allows them to spend crypto assets and earn rewards on purchases. Card rewards programs generally allow users to earn rewards for shopping at any merchant store that accepts Visa or Mastercard. While the three categories mentioned above only support Bitcoin (BTC) rewards, card rewards programs allow users to earn rewards in a variety of crypto assets.

Best for Card Rewards: Uphold

Choosing Your Bitcoin Rewards Program

In order to streamline the selection process, we’ve put together a quick checklist to assist you in choosing the right rewards program for you.

Factors to Consider:

Below, we take a look at some of the most important factors you should consider when assessing Bitcoin rewards programs. Relevant factors include your country of residence, the program's rewards rates, supported merchants, and more.

Country Of Residence

Your place of residence determines your eligibility to earn rewards through a Bitcoin rewards program. Online rebates, gift cards, and card rebates depend on the participation of partner merchants. The vast majority of these merchants restrict eligibility to US residents. Other regions and countries that are supported on a limited scale include the United Kingdom, Ireland, Australia, Canada, Mexico, and Puerto Rico.

Users that do not reside in the above-mentioned countries should look into crypto debit cards as a viable option. These cards offer rewards programs to residents of other regions, such as Singapore and the EEA.

Note: It’s important to note that not all crypto debit cards offer Bitcoin rewards. Additionally, regional availability frequently depends on the card's issuer.

Rewards Rates

Currently, users can earn rewards in the following ways: purchases, referrals, and special promotions.

Purchases: Each partner merchant independently determines rewards rates for qualifying purchases. Across all rewards programs, most name-brand merchants typically offer rewards rates between 3% and 8%.

Note: Users should pay attention to the restrictions that partner merchants have placed on certain purchases.

Referrals: Referral programs offer existing users a chance to earn rewards for referring new users. These programs typically work in a few different ways:

  • Some programs may reward users in Bitcoin (BTC) when their referred friend signs up for the Bitcoin rewards program and makes a qualifying purchase.
  • Other programs may reward users through merchant referrals. When a referred merchant agrees to offer rewards to customers through the program, the referrer may receive Bitcoin (BTC) rewards.

Special Promotions: Bitcoin rewards programs often hold special promotions that encourage users to participate in social media or in-app giveaways. For example, Lolli regularly runs Twitter giveaways, in which users can earn additional Bitcoin (BTC) rewards for making purchases on partner merchant websites and/or replying to a tweet. Fold App users have a chance to win Bitcoin (BTC) daily through the ‘Spin for Sats’ feature on the iOS or Android mobile app.

Supported Merchants & Your Spending Habits

The majority of Bitcoin rewards programs provide users with updated lists of their supported partner merchants. As rewards programs establish new partnerships, the overall number of available partner merchants continues to grow. Amazon, Expedia, Microsoft, Best Buy, Starbucks, Target, and Chipotle are just a few examples of popular retailers that participate in Bitcoin rewards programs.

As you can see from the table below, deciding which Bitcoin rewards programs to use largely depends on your spending habits:

Program Online Rewards In-Store Rewards Major Brand Merchants Local Merchants
Lolli
Fold App
Pei
Bitrefill

Another factor to consider is how you intend to make purchases. Some platforms—such as Bitrefill—only allow users to spend crypto assets to make purchases. Others, like Pei, only allow users to spend USD by linking debit/credit cards. Fold App and Lolli both support multiple payment methods.

Device Accessibility & Compatibility

Generally, users are able to earn Bitcoin (BTC) rewards through a web browser or mobile app. The main exception to this is Lolli, which only allows users to complete qualifying purchases by downloading and activating a Google Chrome browser extension.

Card rebates programs and card rewards programs are convenient options because they don’t require users to access a web browser or mobile app when making purchases. The downside is that these programs typically offer around 1% in rewards, which is much lower than the rates offered by other types of Bitcoin rewards programs.

Minimum Payout Requirements

Rewards access is an important factor to consider when selecting a Bitcoin rewards program. Bitcoin rewards programs have varying requirements for withdrawing Bitcoin (BTC) rewards, and these requirements may present a roadblock for potential users. Lolli and Pei users can only withdraw payouts after accumulating the equivalent of $15 and $25, respectively. Fold App doesn’t have any minimum withdrawal requirement. Bitrefill is the only option on the list that doesn’t allow users to withdraw rewards from their account.

Reward Locking Periods

A reward locking period takes place between the initial purchase and the rewards payout. This ensures that customers can’t earn rewards on purchases that can be returned and refunded at a later date. The reward locking period lasts for the duration of each merchant’s return policy.

Online rebates programs—like Lolli—have a reward locking period of anywhere from 30 to 90 days, depending on the unique requirements of each merchant.

Gift card rewards platforms, such as Bitrefill and Fold App, generally do not implement reward locking periods. Instead, Bitcoin (BTC) is distributed directly to a user’s account immediately after each gift card purchase is completed.

While gift cards rewards programs distribute your Bitcoin (BTC) rewards much faster, their rates are generally considerably lower than the online rebates programs.

Available Bitcoin Rewards Programs by Region

Each Bitcoin rewards program may only be available to residents in certain countries or regions. Regional availability is displayed in the table below:

Countries & Regions Lolli Fold App Pei Bitrefill
USA
UK
Europe (EEA)
Canada
Australia
Singapore
Latin America
India
Africa

Summary: Best Bitcoin Rewards Programs in 2020

Program Best For Top Merchants Reward Locking Learn More

Lolli

Online shoppers

Expedia, Microsoft, Best Buy, Nike, Safeway

30-90 days

Fold

Amazon Shoppers

Amazon, Starbucks, Uber, Hotels.com, Burger King, Chipotle

Immediate Distribution

Pei

"stacking" Card Rewards.

Starbucks, Uber, Lyft, Nordstrom, H&M, Chipotle

Immediate Distribution

Bitrefill

Gift Card users

Lowe’s, Nike, Nordstrom, Red Lobster, Burger King, Chipotle, Starbucks

Immediate Distribution

Bitcoin Rewards Programs Pros

Attractive Rewards Rates

Bitcoin rewards programs generally offer higher rewards rates as compared to traditional programs, such as credit card and customer loyalty rewards. For example, Lolli is partnered with various direct-to-consumer brands that offer 10% to 30% in rewards for purchasing their recurring services.

Double-Dip Rewards

Users are not limited to one type of rewards program; they can earn rewards through traditional card rewards programs in addition to Bitcoin rewards programs. For instance, programs like Lolli, Fold App, and Pei enable users to earn rewards by linking an existing debit/credit card to their account and completing qualifying purchases.

Fast Rewards Distribution

With the exception of Lolli, the majority of Bitcoin rewards programs distribute rewards to your account shortly after the initial purchase is processed.

Payment Method Flexibility

Several popular Bitcoin rewards programs allow you to complete qualifying purchases with fiat currency by linking an existing debit/credit card or by depositing crypto assets from an external wallet. For example, Fold App users can earn rewards by purchasing gift cards with USD or Bitcoin (BTC).

Web & Mobile Accessibility

Most Bitcoin rewards programs enable users to complete qualifying purchases through both web browsers and their respective mobile applications.

Bitcoin Rewards Programs Cons

Limited Regional Availability

These programs are still in their infancy and at the moment, are mainly available to US residents only.

Participating Partner Merchants

Bitcoin (BTC) rewards are only offered by a limited number of partner merchants across the various rewards programs. Several of the largest retailers in the US (e.g. Walmart, Kroger, and Costco) do not yet offer BTC rewards.

Reward Limits

Partner merchants will generally limit the amount of rewards each user can earn on qualifying purchases. For example, many of Lolli’s partner merchants have implemented rewards exclusions on high value product categories. Similarly, Pei’s partner merchants enforce daily or weekly reward limits.

Withdrawal Support

Withdrawing Bitcoin (BTC) rewards to an external wallet can be accompanied by certain conditions. Bitrefill does not allow users to withdraw rewards at all, Lolli and Pei place minimum withdrawal requirements, and Fold App only processes withdrawal requests on a weekly basis.

Terms to Know

Partner Merchant

A merchant who agrees to offer rewards to customers who make purchases via a Bitcoin rewards program.

Bitcoin Wallet

A software program that enables users to store, send, and receive Bitcoin (BTC). With the exception of Bitrefill, most Bitcoin rewards programs enable users to withdraw their rewards to an external Bitcoin wallet.

Reward Locking Period

The period of time between the initial purchase and the rewards payout. Lolli and Pei both have reward locking periods, while Fold App and Bitrefill distribute rewards immediately.

Satoshi

A Satoshi, also known as a ‘Sat’, is the smallest unit of Bitcoin. 1 Satoshi is equal to 0.00000001 BTC. Accumulating Bitcoin is commonly referred to as “Stacking Sats” by many Bitcoin rewards programs.

Miner Fee

A small network transaction fee that users are required to pay each time Bitcoin (BTC) is sent from one wallet to another. When withdrawing Bitcoin (BTC) from a Bitcoin rewards account, users are sometimes charged a miner fee.

Lightning Network

A payment solution that enables two parties to complete Bitcoin (BTC) transactions quickly and with minimal fees. Fold App and Bitrefill allow users to purchase gift cards using the Lightning Network.

Special Promotions

In the context of Bitcoin rewards programs, special promotions are opportunities for users to earn additional Bitcoin (BTC) in addition to the program's normal rewards.

Frequently Asked Questions

What are the best Bitcoin Rewards programs for non-US citizens?

What is a reward locking period?

Can I earn Bitcoin Rewards anonymously and without verification?

Are Bitcoin Rewards programs free?

Can I earn rewards in cryptocurrencies besides Bitcoin?

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